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, , , <br /> ECONOMIC AND URBAN DEVELOPMENT MEMORANDUM <br /> No. OS-16 <br /> February 2, 2005 <br /> TO: Mayor Paul Osborne and City Council Members <br /> FROM: Steve G , City Manager <br /> Dane C. gg,Assistant City Manager� <br /> SUBJECT: Annexation Agreement—Farm Progress Show <br /> SUMMARY RECOMMENDATION: Staff recommends that the attached pre- <br /> annexation agreement be received and placed on file. No action will be taken to approve <br /> the agreement until the March 7, 2005 Council meeting. A public hearing will be held <br /> regarding the proposed agreement at the February 21, 2005 Council meeting. <br /> BACKGROUND: In September 2004, the City Council approved providing up to <br /> $250,000 in financial assistance to the Farm Progress Show for the installation of water <br /> mains to the site. A condition of the City's financial contribution requires the property to <br /> be located within City limits. The attached annexation agreement provides for the <br /> annexation of the premises, zoning requirements and water main construction guidelines. <br /> POTENTIAL OBJECTION: N/A. <br /> INPUT FROM OTHER SOURCES: Representatives of the Farm Progress Show have <br /> reviewed the agreement. <br /> STAFF REFERENCE: Any additional questions may be forwarded to Dane Bragg at <br /> 424-2727 or dbrag��decaturnet.or�. <br /> BUDGET/TIME IMPLICATIONS: N/A. <br />